2020 was a game-changer for everyone because of the financial crisis across the world; it became a necessity to choose entrepreneurship because so many people lost jobs.
A report from the World Economic Forum predicts that five million jobs will be lost by 2020 in the 15 largest economies.

The Covid-19 pandemic has given birth to a new breed of entrepreneurs who now have a “side hustle” – something they are so zealous about but also makes them earn on the other side.

Rachel, a 23-year-old communications professional said, she was terribly spooked by many of her friends who got laid off, some without even a notice period. So, Rachel decided to launch her own handbag brand to avoid any uncertainty.

Now Rachel has plans to create a website and start selling on e-commerce.

Jack, a 30-year-old working in the best IT Company in Texas for 5 years, got a mail about his layoff without prior any notice. It does not matter whether you love or loathe your work; a layoff hurts just like a major tragedy. No one wants to hear that they are not a part of a company anymore. With time, he accepted Jobs come and go, but career need not be dependent on others. So, he decided to make a change. Despite spending all his time and energy doing the interview, he started seeking the best side hustle that can make his life secure and stable.

Now he is successfully running his own YouTube channel and also handling content on various websites.

Leaving a full-time job for a side venture may sound risky, but jack is now much happy, not having to rely on anyone else to make ends meet.

I believe everyone needs a side hustle. It does not mean that you will have to avoid your day job unless you wish to do so. It is time that we take matters into our own hands and decide what we want.

There are millions of ideas for starting a side gig, but if you are looking for a legitimate side hustle with low startup costs, you have come to the perfect place. With this article, we will highlight some of the best side hustles under $99.

Why now is a great time to start a side hustle?

As per the report of American business magazine:

• Almost 40% of Americans have a side hustle.

• Men earn approx 57% more on average than women.

• Over 60% of side hustlers took up side gigs to pay off debt.

• On average, side hustlers can earn around $836 monthly.

If you were looking for the best opportunity to kick start your side hustle, well, this is a great time to follow your dreams. Nowadays, more and more side hustles are possible because of the gig economy. You are likely familiar with the gig economy as part-time jobs available through apps like Uber, Amazon, etc. it is a free market system where companies bring on independent contractors and freelancers instead of full-time employees.

This means that in today’s tech-advance world, anyone with a Smartphone and unlimited data plan can work from just about anywhere.

Fortunately, this is the best time to make some extra cash. .so here, sharing some facts which can motivate you to set your own side hustle right now.

• Availability of More platforms & options than ever before

• Maximum reaches to target audience customers (all thanks to the internet)

• Freedom of location (you can do them from anywhere with a laptop and internet connection.)

• Freelance gigs can pay very well.

How to start a side hustle?

This is a fact that many companies are adopting work-from-home policies due to COVID-19. However, if you are looking to start a side hustle as a way to kick start a business, you will want to consider the following:

• What are your goals? You will not need a full business plan to start a side hustle. But you should set some goals in mind. Ex- the purpose of the side hustle, time frame, etc.

• What are your skills? Doing what you are good at means, you will have the success that will quickly spin into more freelancing work, selling more products, or gaining more clients

• Do you have the time? If you are already working a 30-hour week, would you be able to put in another 20 or even 30 hours for your side hustle? To turn your dream into reality, you need to focus on the side hustle as well.

• Do you have enough funds? To develop a successful side hustle, you need to get a hold of your finances and closely track your spending.

• Who wants it? Do some market research to ensure the time and effort you’re committing is worth it. If there is no demand for your product or services then it would not be of any use.

Best Side Hustle Ideas under $99:

Are you looking for ideas to make extra money with a minimum investment? Try these side hustle ideas:

1. Teach English online or Tutor Some Other Subject: many online programs run teaching & tutorials need teachers who can join them online & many tutoring websites also need college graduates with a background in science, commerce, etc.

• Initial earning: Online tutors and English tutors earn an average of $16 to $20 per hour,
• Initial requirement: A computer with internet and phone connection.

2. Freelance Writer or Editor: Some companies with their websites need content writers to fill their pages. If you are creative and good with words, you can find work freelancing writing and copywriting for websites.

• Initial earning: Between $12 and $64 per hour
• Initial requirement: A computer with internet.

3. Virtual Assistant: A virtual assistant are the one who manages meetings, books & organizes travel of various people. Like freelancers, virtual assistants set their rates as per their expertise and demand.

  • Initial earning: Between $15 and $28 per hour
  • Initial requirement: A computer with internet and phone.

4. Social Media Marketer: social media has become an essential part of growing a business. Many companies do not have the time, staff to manage social media accounts. Your side hustle could be managing social media accounts for someone else. It includes posting content, generating traffic to the website, and increasing social media followers.

  • Initial earning: Between $10 and $26 per hour
  • Initial requirement: A computer with internet

5. Babysitters or childcare: There is never a shortage of people seeking babysitters and childcare. By making this your side hustle, you can work at your convenience.

  • Initial earning: Babysitters earn an average of $11 an hour,
  • Initial requirement: A Smartphone and a computer with web access.

6. Craft shop: you can turn your crafting hobby into a money-making venture by selling your work online. Artists are finding ways to operate businesses from home, using the web as a target marketplace.

  • Initial earning: depends on the seller.
  • Initial requirement: A computer and internet service, some startup funds for materials.

7. Transcribing: you can earn money from transcribing. All you need to do is listen to audio and type exactly what you hear. This is a very flexible job, which you can do at night and will not interrupt your full job.

  • Initial earning: average earnings are $15 per hour.
  • Initial requirement: A computer with internet.

8. Create &Sell Online Courses: these days, people are searching for courses that will teach them new and exciting skills. Baking, singing, painting, photography, and just about any other skill, So, if you have a valuable skill that you think others would pay to learn, then you should consider creating and selling a course to earn money.

  • Initial earning: it depends and may fluctuate.
  • Initial requirement: A computer, Smartphone & internet.

9. Start A YouTube Channel: If you are seeking a side hustle with a limited startup cost, then making your own YouTube channel is the best option. Somebody is searching for an answer to a DIY question, trying to learn a new skill, or just looking for some entertainment. There is a good chance they end up on YouTube.

  • Initial earning: depends upon the number of subscribers.
  • Initial requirement: A computer, Smartphone with good camera & internet.

10. Rent a car: If you have a car that you do not use often – you can rent it out to others! Many online services allow you to list your car for rent on your terms. You set the price and availability plus, they cover insurance as well!

  • Initial earning: it depends and may vary according to the type of car, location & traveling distance.
  • Initial requirement: A computer with internet & your car.

11. Sell Old Clothes Online: Passion for shopping could be a successful clothing reseller side hustle. You can find valuable labels from decades past cheaply at stores and sell them to buyers online on eBay or a personal website.

  • Initial earning: it depends and may vary according to the type of sales and profit margin.
  • Initial requirement: A computer with internet & some funds for an investment purpose

12. Become an influencer: There are many You Tubers and Instagram influencers who make money through sharing their content with the masses. Be it a makeup tutorial, or any DIY, make it interesting and attractive. With this side hustle, people can generate profitable income by reviewing products or bringing views on their content.

  • Initial earning: depends on the number of clicks and views.
  • Initial requirement: A computer with internet.

13. Online handbag rental business: Designer handbags are high in demand, but they are expensive too. Everyone is not affluent enough to buy them. If you have good knowledge about handbags and the brands, you can start an online rental business by investing in some designer bags.

  • Initial earning: it depends and may vary according to the type of sales and profit margin.
  • Initial requirement: A computer with internet & some funds for an investment purpose

14. Teaching a group fitness class: Leading a group fitness class like Zumba or kickboxing at your local gym or on various available apps can help you to earn a handsome amount of money.

  • Initial earning: help you earn up to $25 an hour
  • Initial requirement: A computer with internet & video making camera

15. Sell your photography: If you have got a camera and some basic Photoshop skills, a photography hobby can be your best side hustle .you can sell your photographs to various bloggers, local city newspapers, magazines, etc.

  • Initial earning: depends on quality and demand.
  • Initial investment: any photo editing software & professional camera.

How to create a side hustle budget?

When you build a side venture, there are a lot of things to stay on top of, from marketing, financing, and finding new clients to building a website. But, there is one element that is always on top of the very beginning—and that is your business budget. Having an accurate budget is key to a successful side hustle. But how, exactly, do you create one?

Let’s take a look at how to create a small side hustle budget in five simple steps.

Step 1: Tally Your Income sources:

When planning a small business budget, you need to find out the amount of money your business is earning each month and where that money coming from.

For example, if you run a freelance content writing business, you might have many sources of income from:

• Freelance writing projects

• A writing course you sell on your website

• Consulting with other writers who are starting small businesses

• Blog writing.

Step 2: Determine Fixed Costs

Once you got to know your income, calculate your business costs—starting with fixed costs.

Fixed costs do not change from month to month. This can include expenses like rent, website hosting, and payroll costs.

Step 3: Include Variable Expenses

The variable cost can vary each month based on your business performance and activity. These can include things like shipping costs or travel costs.

Always check your variable cost at the end of the month.

Step 4: Predict One-Time Spends

Generally, many people consider business expenses as a regular expense that we pay for each month, whether they are fixed or variable. But some costs occur far less frequently. (For example, an upcoming business course or a new laptop), Just do not forget to factor these expenses into your budget as well.

Step 5: Pull It All Together

Now you are aware of your income sources and all your expenses. What is next?

Pulling it all together to get an overview of your financial standing for the month.

Ladies, let’s hustle: women joining the bandwagon and launching more & more side hustle.

In the United States, full-time working women are getting 70 percent for every dollar that men are paid, according to the report of the Economic Policy Institute.

Women disproportionally suffer from gender inequality in the workplace because of the double stigma of age and gender & Older women are generally more prone to losing their jobs & have a harder time finding new ones.

To conflict these disparities, women today need to have a backup plan. They should not waste time waiting for corporate policies to become fair. Instead, they should find other different ways to get what they deserve.

In today’s scenario, women need to start a side hustle that helps them to generate some extra income that can lead to long-term stability & security.

Here are a few tips to help women to earn a little extra cash to fill their bank account:

• Flaunt your unique skills and resources: If you want to make the most money from your side hustle, you should try to choose that requires unique skills and resources that you have that few others do. Figure out an idea and consider enhancing your skills further so that you can expand your services.

• Seek out a side hustle that gives you flexibility over your time and rates: Side hustles that you run can be easier to start because you have to build a client base and deliver your services of your own without any boundaries and time limitations.

• Do not be hesitating to charge what you are worth. Do some research on how much your competitors are earning from the same type of side hustle that you want to start. Compare your experience to theirs when deciding how much amount you are going to charge.

Here are the five most flexible side hustles that women can start under$99:

 start an online handbag rental business

 be a freelance writer

 start a fashion blog

 create and sell online courses

 Teaching a group fitness class.

Side Hustle Mistakes That Hold You Back:

No matter what side business you pursue, take note of these side hustle mistakes below to ensure, you get a result you desire.

• Investing Too Much Money

• Fail to set your goals.

• Copying what others are doing!

• Forgetting to get your “Me- Time”.

• You are Not Separating Your Personal and Side Hustle Finances.

• Nothing Aside Enough funds for Taxes

How can side hustler fail-proof their business?

Now, more than ever, side ventures are gaining momentum.

If you have big entrepreneurial desires and you feel as if you should start doing your own thing, start acting upon it. You only get one life and one chance to live it the way you have always dreamt to.

As a beginner, you may not take risks because of the fear of loss, failure & social image. Here are some tips to remember which can help you in running a fail-proof side hustle.

Here’s what you need to know about running a fail-proof side hustle.

Never take side-hustle debt.

Many business ventures spend a lot of money before making money. That’s why businesses take years to earn a profit. Huge numbers of startups fail because they never earn a profit.

How can you avoid that? Start a side hustle through savings. Provide a service that only requires the least investment.

Always follow a strict side-hustle schedule.

Decide how many hours you can spare on your side hustle.

Then commit to that schedule. Write it down, and if your schedule says you will work from 7 p.m. to 10 p.m. every evening and from 6 a.m. to 9 am on weekends, follow such schedule. Otherwise, you would not see any progress, that will make you feel demotivated .

Dream big, but focus small.

Rather than finding a way to make a lot of money, find a way to serve lots of customers. Start with a small set up always. Along the way, you will build your skills& customer base.

Only do what generates income.

Successful entrepreneurs spend more time working on their ventures than in their ventures. Now, a successful side hustle requires working in the business because that is the only time you actually make money.

See your side hustle as your companion.

When you choose your side hustle, pick something you love to do. Pick something you desire to achieve and start working on it.
In short, side hustle time is basically a time you spend making the most of your life.

The Secret to a Successful Side Hustle

When it comes to side hustle, you need to be smart about it. You may feel very enthusiastic in the beginning, but as time passes, you may find many difficulties in operating and managing a full-time job and part-time as well.

You may wonder what the secret to successful side hustle is. But actually, there is no such secret at all. Here is what you need to know about running a successful side hustle.

 You can learn creative skills

Creativity is a powerful thing. Most people believe creativity comes naturally, but the truth is, creative thinking can be learned—especially in business. The more creative ideas you will have, the greater would be your achievements.

 There is No Such Thing as Failure:

It is the most important thing to remember about entrepreneurship. Failure does not exist. Okay, maybe it does—technically. The fact is that when things go wrong, you should not look at it as failing. In fact, look at it as a learning lesson.

 Starting Upside hustle need not be Expensive:

When you look at people doing successful side hustles, you are probably also seeing dollar signs, but you need not rely on arranging the funds to get your business at work. Starting a business does not need many funds. You may feel as if you have to invest a lot to get off, but all you need is a perfect plan and proper execution.

 Serving others is what matters.

No matters what your business is about, a focus on how you satisfy your customers should be a priority always. The way you serve your audience determines your success. Make sure that you know what they demand and create a way to give it to them.

Key Takeaways

The best part about living in a hustle environment is that there are many other ways to earn extra income apart from a full-time job.

If one or more of the above-listed hustle ideas sounds like your passion, you can do it. So, what are you waiting for? Hold on, and follow your passion. Starting a side business does not have to come with a high price tag. In fact, you can start these side hustles for less than $99. You just need to know where to look and how to get started. Consider the extra work you can handle. Schedule your hours to work effectively and efficiently.

You need to stand out to grab the best opportunities and pay. Always look at your strengths, weakness, and areas of interest, and plan how you can combine them.

If you are a human resource manager in some multinational company and enjoy connecting with potential talent, you can consider career coaching or career counseling as your side hustle. If you like fashion & lifestyle tech, consider becoming an influencer to showcase your expertise — whether that’s starting a blog, an Instagram page, or a YouTube channel. The key is to focus on not just what you are best at but what you are truly passionate about.

A side hustle is not about adding extra cash in your pocket. It affords you the ability to decide about your good self. When you have multiple incomes from different sources, you may no longer depend on a full-time job of an employer. Whatever the reason, you are in a pinch. It is important to approach side hustles with the right mindset. They are probably not going to make you earn the income that you will make at your 9 to 5, but they do provide you a way to earn a little extra cash.

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